All Forum Posts by: Mak K.
Mak K. has started 93 posts and replied 213 times.
Post: Section 8- Eviction- Houston Laws
- Posts 214
- Votes 33
Hi,
I have a bad tenant who was behind the rental payment for paying her share of rent while on being on section 8 with Houston Housing Authority. Also the tenant is in violation of not paying full security deposit and not carrying renters insurance.
What are the laws on eviction process for Section8 tenant in Houston, Harris County. I am hearing it is 30 days notice or 3 day notice? Also the violation consist of renters insurance and security deposit along with partial unpaid rent. So technically can we accept monthly section 8 rent while processing the eviction?
smartmove by transunion
Go over quality vs quantity. You will never regret. You may make less, but not loose the sleep
Post: Multiple LLCs with Properties- How to manage
- Posts 214
- Votes 33
Hi ,
I have 4 properties. Each property is under one LLC (Sorry I have to keep it under each LLC). I am the owner/Landlord/Property Manager. As I grow my portfolios, its getting tedious on accounting since quickbooks requires each LLC as separate accounts and managing individual LLC bank accounts,. We do in-house accounting. I use Innango for rent management. On few occasions tenant deposit cash once in a while.
Question: Would it be easier to have one LLC as management company and collect all the rents? Has anybody done it? If you have one management company, at end of the year do you have to do monetary transactions on each individual LLCs etc? or can you just keep LLC as holding company with no Monetary transactions. I am sorry but I have tried 2-3 CPAs and they just cant tell me a straight forward answer without being diplomatic round answers
Post: Door hangers ..targeting neighborhoods and distribution questions
- Posts 214
- Votes 33
@Eric F. what was the outcome of your door hangers? What was the conclusion, lessons learnt? How many leads?
Quote from @Lafi S.:
Before I spent the money on door hangers I tried using a 4 x 6 yellow letter that I scotch taped to their door. I bought a box of about 2,000 of them from staples for 5 bucks.
The response has been incredible! I've only been doing it for about 2 weeks and I would say the response is somewhere around 20%. No deals out of it yet but I a lot of very interested prospects to follow up on. I guess it's just the timing around the holidays but next year I will be doing this on a daily basis.
@Lafi S. Do you tape the letter to the door? What message did you put on the letters?
Post: Eviction Process Advice
- Posts 214
- Votes 33
Quote from @John Morgan:
@Masha Rizzi
I’m in Texas and it’s simple to do yourself. Don’t hire an attorney. Give them a 3 day pay or quit notice. I actually just gave a tenant one today. Lol. After 3 days, file for eviction at the justice of peace. They’ll give you a court date within 3 weeks. Tell the judge what they owe you plus court fees and you’re good to go. If they don’t move out, you wait 7 days to file for the writ of possession. Then a constable/sheriff will reach out to you to boot them out. From start to finish it’ll take you about 4 or 5 weeks.
@john
@John Morgan Which Efile Service did you use? And besides military affidavit, what else needs to be uploaded to the court filing?
Post: Eviction in Harris County- Efile and documents needed
- Posts 214
- Votes 33
Hi,
First timer here. Any recommendation on Efile Services among all the services listed? I tried Efilecourt.Gov and it was not a user friendly. Any other suggestions.
Also besides Military Affidavit document, what other documents do I need to submit with the petition. I am planning to do it myself to learn the process.
I have a tenant who moved in. She is running low on funds all of sudden and has not transferred to gas and water connection. The gas connection is under my name . Water connection account was never opened due to recent sale. But of course water is on since water authority has not turned the valve off.
Anyways, what can be done? The reason she is delaying is because she has to pay deposits to utilities and she does not have funds.
It’s already 15 days and I think now she is taking advantage and being bossy to as if she deserves a special treatment. We also did help her out with security deposit payment plan.
So what can be done to force her to change the utilities in her name?
Post: 5 Million in Rentals or 5 million in stocks
- Posts 214
- Votes 33
To be honest such long term hypothesis are waste of time. At the time of cash out, your 5 million can be during Covid time with real estate boom or can be like 2008. Same can happen to stocks.
Also at 5 million even 6 percent return would be more than what average person could spend. Honestly if retirement starts at 60, you only really spend till age 75. After age 75, due to age health and other reasons, you are going to be much laid back.
It’s just my two cents as I see various people waste time in such long scenarios which would may never happen. My two cents.